If you’re an employer or responsible for managing employee superannuation contributions, there are a few key deadlines that you need to be across to ensure your business is compliant and to avoid penalties. It is important that you ensure you pay staff SG contributions for the quarter ended 30th September 2018 BEFORE 28th October 2018 or […]
Concessional (pre-tax) and non-concessional (post-tax) contribution caps will be lifted by $2,500 and $10,000 a year respectively from 1 July 2024.
Employers intending to claim a tax deduction in 2021/22 for employees’ June 2022 quarter super contributions should make payment ASAP to allow time for contributions to be processed through the superannuation clearing house and allocated to employee super accounts.
From 1 July 2022 the $450 per month threshold for SG eligibility will be removed. The change will expand the coverage of SG to eligible employees regardless of their monthly pay.
Is super worth the hype? Superannuation is super important and likely to be the biggest investment you will have in your lifetime, unless you own a mortgage-free home.
From 1 November 2021, employers may need to request stapled super fund details from the ATO for new employees who don’t choose a super fund.
Make super contributions by 16 June 2021 to allow 2 weeks for contributions to be processed and allocated to your account, particularly as super funds are extremely busy at this time of year.
If you are seeking to maximise your superannuation contributions in 2019/20, please carefully review the limits and information below. Your contributions must be received in your Fund on or before 30th June 2020. The reason is two fold to ensure that: 1. You are eligible to claim a deduction in 2019/20 for any personal […]
Don’t leave your contributions to the last minute This is particularly important if you plan to claim a tax deduction for any of your contributions. Contributions are included in a financial year if they are received in your fund’s bank account by 30 June. With 30 June falling on a Sunday this year, it would […]
Allan Hall Business Advisors continues to impress with individual, network and firm-wide awards and accolades, with our latest nomination as winner of the Client Choice Awards 2020, Women in Finance Awards 2019 and HR Manager of the Year 2019. For further details and a full list of our recent awards, click below.
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Together as One. Allan Hall Business Advisors is a Member of the Alliott Global Alliance of independent professional firms.
The Alliott Global Alliance is a growing alliance group of 180+ accounting and law firms in across 80+ countries globally. As part of this group, we can connect with like-minded members of Alliott Global Alliance in other jurisdictions to support and advise our clients who are wishing to explore and develop business opportunities both locally and internationally.
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